GREY:CLLZF - Post by User
Comment by
algroveon Oct 04, 2009 3:33pm
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Post# 16361159
RE: RE: Connacher mentioned in this article...
RE: RE: Connacher mentioned in this article...The $35,000 per flowing barrel is correct for Algar if they meet budget. You are confusing existing production (which if I recall correctly came at approx. $40,000 per flowing barrel) and Algar which is currently under construction and is targeted to produce 10,000 barrels per day. These figures are among the lowest for oil sands by a very wide margin. Maybe if you do your homework and DD better, you would be less frustrated. One can not undo the past. No doubt you could have done better (or maybe worse, who knows) elsewhere if two years ago you invested in a company different from CLL. But the present is the present and you have to make your judgement (and be frustrated or otherwise) based on current facts and comparisons.